LEASE 2 OWN: HOMEPARTNERS
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Hyperion Homes offers a lease with a right to purchase program designed for responsible households unable to secure a mortgage, allowing them a path to homeownership. Residents can select a home, with Hyperion purchasing it in cash, leasing it back to them, and granting the right to purchase anytime during the lease period. The program includes transparent pricing and flexible rental options, with residents able to move out after one year without penalty and purchase the home using any third-party lender at their discretion.
LEASE 2 OWN: HOMEPARTNERS
- 1. Lease with a Right to Purchase (877) 234-5155 www.hyperionhomes.com Hyperion Homes is not a mortgage company, does not have any obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.
- 2. Presentation Agenda Who is Hyperion Homes? How does the program work? Pricing Model Next Steps Questions & Answers www.hyperionhomes.com Hyperion Homes is not a mortgage company, does not have any obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.
- 3. Lease with a Right to Purchase Hyperion Homes Lease with a Right to Purchase program provides responsible households who cannot obtain a mortgage a clear and transparent path to home ownership. The resident will get approved, select a home for sale, Hyperion will buy the home in cash, lease it to the resident, & provide a right to acquire it anytime during the lease period. The residents financial obligation is limited to 1 year of rent. Approved residents can: Elect to rent for up to 3 years Move out after each 1 year lease term without penalty Purchase the home ANYTIME during tenancy (using any third party lender) Agent receives sales commission at closing. www.hyperionhomes.com Hyperion Homes is not a mortgage company, does not have any obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.
- 4. Pricing Model Hyperions Purchase Criteria Target Home Price $100,000 - $500,000 High School Rank Above 50% Monthly Rent $1,730 3.75% Annual Increases Years Housing Type $1,660 Hyperions Total Cost (SAMPLE HOME) Purchase Price $190,000 Closing Costs $1,500 Make Ready Costs $4,500 Renovations (Optional) $4,000 Hyperion Total Cost $200,000 Maintenance Reserve ** Up To $2,500 Purchase Right Price 5% Annual Increases (plus additional Maintenance Reserve**) $212,500 $223,000 $234,000 $210,000 $220,500 $231,500 0 1 2 3 Years Purchase Right Price Hyperion Homes Total Cost = $200,000 www.hyperionhomes.com Hyperion Homes is not a mortgage company, does not have any obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right. Rent* $1,600 0 1 2 3 3+ Bedroom Detached Single Family Fee Simple Townhomes YES - REO/Foreclosures NO - Condos or Short Sales * Example assumes estimated Real Estate Taxes of $4,300 per year ** Any maintenance costs will be added to final RTP not to exceed $2500. Any unspent Maintenance Reserve monies will be refunded when the home is purchased.
- 5. Renovations - Optional Hyperion funds and performs standard renovations if requested and approved. Renovations - (Value-Added, Cosmetic) -Paint -Trim -Carpet -Flooring -Kitchens -Baths Painting, Carpet, & Blinds are NOT standard Resident selects from standard finishes on the website Renovation amount is added to purchase right and rent www.hyperionhomes.com Hyperion Homes is not a mortgage company, does not have any obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.
- 6. How it Works The process is transparent, fast and easy The Resident can start by applying online at: www.hyperionhomes.com/apply www.hyperionhomes.com Hyperion Homes is not a mortgage company, does not have any obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.
- 7. Resident Underwriting Application Criteria Resident Profiles Short Sale or Foreclosure Bankruptcy (Discharged) Relocation Not Ready to Buy Divorce Medical Bills Important Credit history (open v. satisfied) Income & employment stability Debt to income ratio Rent to income ratio Background & Eviction Search Not As Important FICO Score Short Sale/Foreclosure Bankruptcy (Discharged) Judgments www.hyperionhomes.com Hyperion Homes is not a mortgage company, does not have any obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.
- 8. Rental/Price Calculators Rental Calculator Displays estimated high and low rental prices for up to 5 years Displays Right to Purchase prices for up to 5 years Price Calculator Displays estimated high and low sales prices General Information Rents are community specific We are willing to pay sales prices in line with the market Rental Calculator: http://www.hyperionhomes.com/rental-calculator.cfm Price Calculator: http://www.hyperionhomes.com/price-calculator.cfm www.hyperionhomes.com Hyperion Homes is not a mortgage company, does not have any obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.
- 9. Communities Approved communities determined by state High School rankings Rank in TOP 50% This list of approved communities and school districts can be found at: http://www.hyperionhomes.com/dfw.cfm www.hyperionhomes.com Hyperion Homes is not a mortgage company, does not have any obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.
- 10. SFR and Fee Simple Townhomes ONLY Choose from active for sale listings on the MLS. Hyperion does not own these properties. We will buy them to lease them. Simple and transparent process and pricing Rent and purchase right will be modified based on Hyperions total cost Find a Home www.hyperionhomes.com Hyperion Homes is not a mortgage company, does not have any obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.
- 11. Offer Submission Takes ONLY 10 minutes to complete! Submittal goes directly to underwriting team Quick response within 24 hours! Renovation Checklist (completed by resident) AND Property Disclosures must be sent to Hyperion. Hyperion will generate a contract, sign it, & return it with proof of funds for CASH Hyperion Website Submittal Renovation Checklist **Renovation Checklist can be downloaded off of the Hyperion website during the offer submission www.hyperionhomes.com Hyperion Homes is not a mortgage company, does not have any obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.
- 12. Contract to Closing Within 48 hours of an accepted contract the resident: Signs a lease and purchase right agreement Provides 2 months security + 1st months rent prepaid Deposits are held in escrow until closing NO APPRAISALS! Option period (Attorney/Inspection) begins after execution of contract Hyperion provides the attorneys/inspectors Quick CASH close (30 days or less) Agent receives sales commission at closing Residents can move in shortly after closing They can purchase the home at ANYTIME during the term of the agreement www.hyperionhomes.com Hyperion Homes is not a mortgage company, does not have any obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.
- 13. Agent Expectations Know the Hyperion Homes Lease with a Right to Purchase Program Familiarize yourself on the process and understand our criteria Honor NAR Code of Ethics and adhere to Agency guidelines Advocate for Hyperion Homes. Hyperion Homes is your client Negotiate the best deal for Hyperion Homes throughout the process Do not provide confidential information (contracts, inspection reports, etc..) to those who are not legal parties to them, including prospective residents. Submit required documentation (missing information will delay the process) Property submittal Photos for valuation purposes Seller disclosures MLS listing sheet Renovation Checklist Facilitate inspection access and final walk through www.hyperionhomes.com Hyperion Homes is not a mortgage company, does not have any obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.
- 14. Next Steps Reach out to your contacts Short Sales/Foreclosures Recent Mortgage Denials Rental Clients Relocation Residents can apply at: www.hyperionhomes.com/apply www.hyperionhomes.com Hyperion Homes is not a mortgage company, does not have any obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.
- 15. www.hyperionhomes.com Hyperion Homes is not a mortgage company, does not have any obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.
- 16. Hyperion Homes 2 N. Riverside Plaza, Suite 1250 (Madison/Canal) Chicago, IL 60606 Apply at www.hyperionhomes.com/apply Questions? For more information please contact: Hyperion Homes info@hyperionhomes.com Office: (877) 234-5155 Ayoub Rabah arabah@hyperionhomes.com Office: (312) 780-1977 Cell: (312) 610-0929 www.hyperionhomes.com Hyperion Homes is not a mortgage company, does not have any obligation to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.